(Allied Systems, Ltd. (L.P.) 12-11565). Filed by Allied

92 Pages·2012·0.45 MB·English

Statement of Limitations, Methodology and Disclaimer
Regarding the Debtors’ Schedules and Statements

Introduction. On May 17, 2012, involuntary petitions were filed against Allied Systems
Holdings, Inc. (“Allied Holdings”) and its subsidiary Allied Systems, Ltd. (L.P.) (“Allied
Systems”) under chapter 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the
“Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the
“Bankruptcy Court”). On June 10, 2012,1 the remaining debtors: Allied Automotive Group,
Inc.; Allied Freight Broker LLC; Allied Systems (Canada) Company; Axis Areta, LLC; Axis
Canada Company; Axis Group, Inc.; Commercial Carriers, Inc.; CT Services, Inc.; Cordin
Transport LLC; F.J. Boutell Driveaway LLC; GACS Incorporated; Logistic Systems, LLC;
Logistic Technology LLC; QAT, Inc.; Transport Support LLC; and Terminal Services LLC
(collectively with Allied Holdings and Allied Systems, the “Debtors”) filed voluntary petitions
under chapter 11 of the Bankruptcy Code with the Bankruptcy Court and, in connection
therewith, Allied Holdings and Allied Systems consented to the involuntary petitions filed
against them (collectively, the “Chapter 11 Cases”) on June 11, 2012. Unless otherwise
indicated, this Statement of Limitations, Methodology and Disclaimer Regarding the Debtors’
Schedules and Statements (the “Statement of Limitations”) applies to the Schedules of Assets
and Liabilities (collectively, the “Schedules”) and the Statements of Financial Affairs
(collectively, the “Statements” and, together with the Schedules, the “Schedules and
Statements”) filed by each Debtor in the Bankruptcy Court.

This Statement of Limitations has been prepared pursuant to section 521 of the Bankruptcy
Code, and Rule 1007 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”)
by management of the Debtors with the assistance of its advisors and is unaudited. Therefore,
these Schedules and Statements do no purport to represent financial statements prepared in
accordance with GAAP nor are they intended to fully reconcile to the financial statements
prepared by the Debtors. This Statement of Limitations is incorporated by reference in, and
comprises an integral part of, each Debtor’s Schedules and Statements, and should be referred to
and reviewed in connection with any review of the Schedules and Statements.

Reservation of Rights. Unlike the consolidated financial statements, the Schedules and
Statements, except where otherwise indicated, reflect the assets and liabilities of each Debtor on a
non-consolidated basis where possible. Although management has made every reasonable effort
to ensure that the Schedules and Statements are as accurate and complete as possible based on
information that was available to them at the time of preparation, subsequent information or
discovery may result in material changes to these Schedules and Statements, and inadvertent
errors or omissions may exist. Because the Schedules and Statements contain unaudited
information, which is subject to further review and potential adjustment, there can be no
assurance that these Schedules and Statements are complete.

1 The petition date for Allied Holdings and Allied Systems is May 17, 2012, while the petition date for the
remaining Debtors is June 10, 2012. However, due to the limitations of the Debtors’ accounting systems, unless
otherwise identified, all data contained herein is presented as of 12:01 a.m. on June 10, 2012. Accordingly, unless
otherwise indicated, the defined term “Petition Date” refers to June 10, 2012.

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Furthermore, nothing contained in the Schedules and Statements shall constitute a waiver of
rights with respect to the any of the Chapter 11 Cases, including, but not limited to, issues
involving substantive consolidation, equitable subordination and/or causes of action arising
under the provisions of chapter 5 of the Bankruptcy Code and other relevant non-bankruptcy
laws to recover assets or avoid transfers.

Solvency. Given, among other things, the uncertainty surrounding the collection and
ownership of certain assets and the valuation and nature of certain liabilities, to the extent that a
Debtor shows more assets than liabilities, this is not an admission that the Debtor was solvent as
of its respective petition date or at any time prior to its respective petition date. Likewise, to the
extent that a Debtor shows more liabilities than assets, this is not an admission that the Debtor
was insolvent at its respective petition date or any time prior to its respective petition date.

Agreements Subject to Confidentiality. There may be instances within the Schedules and
Statements where certain information has intentionally been revised and/or redacted due to
concerns about the confidential or commercially sensitive nature of certain information or
concerns for the privacy of an individual. The revisions will be limited to only what is necessary
to protect the Debtors or relevant third parties and will provide interested parties with sufficient
information to discern the nature of the listing.

Amendment. Reasonable efforts have been made to prepare and file complete and accurate
Schedules and Statements; however, inadvertent errors or omissions may exist. The Debtors
reserve all rights to amend and/or supplement the Schedules and Statements as may be necessary
and appropriate.

Causes of Action. Despite their reasonable efforts to identify all known assets, the Debtors may
not have set forth all of their causes of action or potential causes of action against third parties as
assets in its Schedules and Statements, including, but not limited to, avoidance actions arising
under chapter 5 of the Bankruptcy Code and actions under other relevant non-bankruptcy laws to
recover assets. The Debtors reserve all of their rights with respect to any claims, causes of action
or avoidance actions they may have and neither this Statement of Limitations nor the Schedules
and Statements shall be deemed a waiver of any such claim, causes of action or avoidance action
or in any way prejudice or impair the assertion of such claims.

Claims Designations. Any failure to designate a claim on the Debtors’ Schedules and Statements
as “disputed,” “contingent” or “unliquidated” does not constitute an admission by the Debtors
that such amount is not “disputed,” “contingent” or “unliquidated.” The Debtors reserve the
right to dispute any claim reflected on their Schedules or Statements on any grounds, including,
but not limited to, amount, liability or classification, or to otherwise subsequently designate such
claims as “disputed,” “contingent” or “unliquidated.”

Net Book Value of Assets. Unless otherwise indicated, the Debtors’ assets and liabilities are
shown on the basis of their net book value rather than current market values. As a result,
amounts ultimately realized may vary from net book value and such variance may be material.
Exceptions to this include cash in financial accounts. Attempts to obtain current market
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valuations of assets would be prohibitively expensive, unduly burdensome and an inefficient use
of estate assets and, as a result, have not been attempted in connection with the preparation of the
Schedules and Statements.

Book Value and Net Book Value. As used throughout, the term Book Value, may in some
instances be abbreviated as “BV”. In addition, Net Book Value, may in some instances be
abbreviated as “NBV”.

Excluded Assets and Liabilities. The Debtors have excluded certain categories of assets and
liabilities from the Schedules and Statements, such as goodwill and deferred gains. Other
immaterial assets and liabilities may also have been excluded.

Foreign Currency. Unless otherwise indicated, all amounts are reflected in U.S. dollars except
for the amounts set forth on the Schedules and Statements of Allied Systems (Canada) Company
and Axis Canada Company, which are reflected in Canadian dollars. Transactions denominated
in foreign currency can be converted to U.S. dollars as of 12:01 a.m. on June 10, 2012.

Insiders. The Debtors have included all payments made by the Debtors over the 12 months
preceding the Petition Date to any individual deemed an “insider.” The term “insider” includes
but is not limited to: relatives of the Debtors; general partners of the Debtors or their relatives;
corporations in which the Debtors are an officer, director, or person in control; officers, directors,
and any owner of five percent or more of the voting equity or securities of a corporate Debtor
and their relatives; affiliates of the of the Debtors and insiders of such affiliates; and any
managing agent of the Debtors. 11 U.S.C. § 101.

First Day Orders. Pursuant to various “first day” orders issued by the Court, the Debtors were
authorized to pay certain pre-petition claims, including, without limitation, claims relating to
employee wages and benefit claims, claims for taxes and fees, claims of shippers, warehousemen
and lien claimants (the “First Day Orders”). Accordingly, the claims listed in the Schedules and
Statements may not reflect amounts paid pursuant to the First Day Orders as they were unpaid as
of the Petition Date. To the extent claims listed on the Schedules and Statements have been or are
subsequently paid pursuant to an order of the Bankruptcy Court (including the First Day Orders),
the Debtors reserve all rights to amend or supplement their Schedules and Statements as may be
necessary and appropriate.

Unliquidated Values as Zero. Certain unknown and/or unliquidated values are reflected as
$0.00.

SOFA 14. The Debtors lease a limited amount of equipment and/or real property used in former
or current operations. Any such leases or contracts are set forth in Schedule G. The property
subject to any such leases or contracts is not reflected in either Schedule A or Schedule B as
either owned property or assets of the Debtors, and neither is the property subject to any such
leases or contracts reflected in the Statements as property or assets of third-parties within the
control of the Debtors.

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Schedules, Generally. Attachment or exhibit pages for certain schedules are included in the sum
of “continuation pages” as may be required.

Schedule D – Creditors Holding Secured Claims. Except as otherwise agreed pursuant to a
stipulation or agreed order or general order entered by the Bankruptcy Court, the Debtors reserve
their rights to dispute or challenge the validity, perfection or immunity from avoidance of any
lien purported to be granted or perfected in any specific asset to a creditor listed on Schedule D.
Moreover, although the Debtors may have scheduled claims of various creditors as secured
claims, the Debtors reserve all rights to dispute or challenge the secured nature of any such
creditor’s claim or the characterization of the structure of any such transaction or any document
or instrument (including, without limitation, any intercreditor agreement) related to such
creditor’s claim. The descriptions provided in Schedule D are intended only to be a summary.
Reference to the applicable loan or security agreements and related documents is necessary for a
complete description of the collateral and the nature, extent and priority of any liens. Nothing in
this Statement of Limitations or the Schedules and Statements shall be deemed a modification or
interpretation of the terms of such agreements.

Schedule E – Creditors Holding Unsecured Priority Claims. Although the Debtors may have
scheduled claims of various creditors as priority claims, the Debtors reserve all rights to dispute
or challenge the priority of any such creditor’s claim.

Schedule F – Creditors Holding Unsecured Nonpriority Claims. The claims listed in Schedule F
arose or were incurred on various dates. In certain instances, the date on which a claim arose is
an open issue of fact. Although reasonable efforts have been made to identify the date of
incurrence of each claim, determination of each date upon which each claim in Schedule F was
incurred or arose would be unduly burdensome and cost prohibitive and, therefore, the Debtors
may not list a date for each claim listed on Schedule F. Intercompany receivables accumulate
from the beginning of time; thus, no date is listed for these payments. Also, due to their
voluminous nature, the Debtors have excluded certain workers' compensation claims that are
below the self-insured retention limits of the Debtors' workers' compensation insurance coverage
and that are being administered in the ordinary course by a third-party administrator.

Schedule G – Executory Contracts. Although reasonable efforts have been made to ensure the
accuracy of Schedule G, inadvertent errors, omissions or overinclusion may have occurred. The
Debtors hereby reserve all of their rights to dispute the validity, status or enforceability of any
contract or other agreement set forth in Schedule G that may have expired or may have been
modified, amended and supplemented from time to time by various amendments, restatements,
waivers, estoppel certificates, letters and other documents, instruments and agreements which
may not be listed therein. Also, except for inadvertent errors and omissions or as otherwise
indicated in this Statement of Limitations, Schedule G contains all of the Debtors’ executory
contracts and agreements as of the Petition Dates. It is possible that some of the contracts or
agreements listed on Schedule G have expired or otherwise terminated pursuant to their terms
since the commencement of the Chapter 11 Cases. The presence of a contract or agreement on
Schedule G does not constitute an admission by the Debtors that such contract or agreement is an
executory contract or unexpired lease.

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In some cases, the same supplier or provider may appear multiple times in Schedule G. This
multiple listing is to reflect distinct agreements between the Debtors and such supplier or
provider.

Certain of the leases and contracts listed on Schedule G may contain certain renewal options,
guarantees of payment, options to purchase, rights of first refusal and other miscellaneous rights.
Such rights, powers, duties and obligations are not set forth separately on Schedule G. In
addition, the Debtors may have entered into various other types of agreements in the ordinary
course of its business, such as easements, right of way, subordination, nondisturbance and
attornment agreements, supplemental agreements, amendments/letter agreements and title
agreements. Such documents are also not set forth in Schedule G.

Also, certain of the agreements listed on Schedule G may be in the nature of conditional sales
agreements or secured financings. The Debtors reserve all of their rights to dispute or challenge
the characterization of the structure of any transaction, or any document or instrument
(including, without limitation, any intercreditor agreement) related to a creditor’s claim. Further,
certain of the executory agreements may not have been memorialized and could be subject to
dispute.

Finally, the Debtors have only listed insurance policies that provide the Debtors with coverage
for current year on Schedule G. Due to the sheer number of insurance policies covering prior
periods, the Debtors have not included same. Further, given the complex nature of the Debtors'
insurance coverage and cross-coverage issues as between certain Debtors, the Debtors have
listed all of the insurance policies in effect for the current year on Schedule G for each of the
Debtors.

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RLF1 6281453v. 2
B7 (Official Form 7) (04/10)
STATEMENT OF FINANCIAL AFFAIRS
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
In re Allied Systems, Ltd. (L.P.) Case No. 12-11565
Debtor (if known)
This statement is to be completed by every debtor. Spouses filing a joint petition may file a single statement on which the information for
both spouses is combined. If the case is filed under chapter 12 or chapter 13, a married debtor must furnish information for both spouses
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed. An individual debtor engaged in
business as a sole proprietor, partner, family farmer, or self-employed professional, should provide the information requested on this
statement concerning all such activities as well as the individual’s personal affairs. To indicate payments, transfers and the like to minor
children, state the child’s initials and the name and address of the child’s parent or guardian, such as “A.B., a minor child, by John Doe,
guardian.” Do not disclose the child’s name. See, 11 U.S.C. § 112 and Fed.R.Bankr.P. 1007(m).

Questions 1 - 18 are to be completed by all debtors. Debtors that are or have been in business, as defined below, also must complete
Questions 19 - 25. If the answer to an applicable question is "None," mark the box labeled "None." If additional space is needed for
the answer to any question, use and attach a separate sheet properly identified with the case name, case number (if known), and the
number of the question.

Definitions

“In business.” A debtor is “in business” for the purpose of this form if the debtor is a corporation or partnership. An individual debtor is “in
business” for the purpose of this form if the debtor is or has been, within the six years immediately proceding the filing of this bankruptcy
case, any of the following: an officer, director, managing executive, or owner of 5 percent or more of the voting or equity securities of a
corporation; a partner, other than a limited partner, of a partnership; a sole proprietor or self-employed full-time or part-time. An individual
debtor also may be “in business” for the purpose of this form if the debtor engages in a trade, business, or other activity, other than as an
employee, to supplement income from the debtor’s primary employment.

“Insider.” The term “insider” includes but is not limited to: relatives of the debtor; general partners of the debtor and their relatives:
corporations of which the debtor is an officer, director, or person in control; officers, directors, and any owner of 5 percent or more of the
voting or equity securities of a corporate debtor and their relatives; affiliates of the debtor and insiders of such affiliates; any managing agent
of the debtor. 11 U.S.C. § 101.

1. Income from employment or operation of business
None
State the gross amount of income the debtor has received from employment, trade, or profession, or from operation of the debtor's
business, including part-time activities either as an employee or in independent trade or business, from the beginning of this calendar year
to the date this case was commenced. State also the gross amounts received during the two years immediately preceding this calendar
year. (A debtor that maintains, or has maintained, financial records on the basis of a fiscal rather than a calendar year may report fiscal year
income. Identify the beginning and ending dates of the debtor's fiscal year.) If a joint petition is filed, state income for each spouse
separately. (Married debtors filing under chapter 12 or chapter 13 must state income of both spouses whether or not a joint petition is filed,
unless the spouses are separated and a joint petition is not filed.)
AMOUNT SOURCE
$349,576,961.32 Revenue (01/01/2010 - 12/31/2010)
$211,066,524.49 Revenue (01/01/2011 - 12/31/2011)
$ 69,341,380.04 Revenue (01/01/2012 - 06/10/2012)
Page 1 of 10
STATEMENT OF FINANCIAL AFFAIRS
In re Allied Systems, Ltd. (L.P.) Case No. 12-11565
2. Income other than from employment or operation of business
None
State the amount of income received by the debtor other than from employment, trade, profession, or operation of the debtor’s business
during the two years immediately preceding the commencement of this case. Give particulars. If a joint petition is filed, state income for
each spouse separately. (Married debtors filing under chapter 12 or chapter 13 must state income for each spouse whether or not a joint
petition is filed, unless the spouses are separated and a joint petition is not filed.)
AMOUNT SOURCE
$ (765.82) Investment income (01/01/2010 - 12/31/2010)
$(54,621.44) Gain/(loss) on sale of assets (01/01/2010 - 12/31/2010)
$ 248.98 Investment income (01/01/2011 - 12/31/2011)
$477,780.68 Gain/(loss) on sale of assets (01/01/2011 - 12/31/2011)
$ 245.31 Investment income (01/01/2012 - 06/10/2012)
$ 15,808.39 Gain/(loss) on sale of assets (01/01/2012 - 06/10/2012)
3. Payment to creditors
None
Complete a. or b., as appropriate, and c.
X
a. Individual or joint debtor(s) with primarily consumer debts: List all payments on loans, installment purchases of goods or services, and
other debts to any creditor made within 90 days immediately preceding the commencement of this case unless the aggregate value of all
property that constitutes or is affected by such transfer is less than $600. Indicate with an asterisk (*) any payments that were made to a
creditor on account of a domestic support obligation or as part of an alternative repayment schedule under a plan by an approved nonprofit
budgeting and creditor counseling agency. (Married debtors filing under chapter 12 or chapter 13 must include payments by either or both
spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
DATES OF AMOUNT STILL
NAME AND ADDRESS OF CREDITORS PAYMENTS AMOUNT PAID OWING
None
b. Debtor whose debts are not primarily consumer debts: List each payment or other transfer to any creditor made within 90 days
immediately preceding the commencement of the case unless the aggregate value of all property\that constitutes or is affected by such
transfer is less than $5,850*. If the debtor is an individual, indicate with an asterisk (*) any payments that were made to a creditor on
account of a domestic support obligation or as part of an alternative repayment schedule under a plan by an approved nonprofit budgeting
and credit counseling agency. (Married debtors filing under chapter 12 or chapter 13 must include payments and other transfers by either or
both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
DATES OF AMOUNT PAID
PAYMENTS/ OR VALUE OF AMOUNT STILL
NAMES AND ADDRESS OF CREDITOR TRANSFERS TRANSFERS OWING
Please See Exhibit for SOFA 3b
None
c. All debtors: List all payments made within one year immediately preceding the commencement of this case to or for the benefit of
X creditors who are or were insiders. (Married debtors filing under chapter 12 or chapter 13 must include payments by either or both spouses
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAMES AND ADDRESS OF CREDITOR AND DATES OF AMOUNT STILL
RELATIONSHIP TO DEBTOR PAYMENT AMOUNT PAID OWING
* Amount subject to adjustment on 4/01/13, and every three years thereafter with respect to cases commenced on or after the date of adjustment.
Page 2 of 10
STATEMENT OF FINANCIAL AFFAIRS
In re Allied Systems, Ltd. (L.P.) Case No. 12-11565
4. Suits and administrative proceedings, executions, garnishments and attachments
None
a. List all suits and administrative proceedings to which the debtor is or was a party within one year immediately preceding the filing of this
bankruptcy case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning either or both spouses whether
or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
CAPTION OF SUIT NATURE OF COURT OR AGENCY STATUS OR
AND CASE NUMBER PROCEEDING AND LOCATION DISPOSITION
See Exhibit SOFA 4a
None
b. Describe all property that has been attached, garnished or seized under any legal or equitable process within one year immediately
X preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning
property of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF
PERSON FOR WHOSE BENEFIT DESCRIPTION AND VALUE OF
PROPERTY WAS SEIZED DATE OF SEIZURE PROPERTY
5. Repossessions, foreclosures and returns
None
List all property that has been repossessed by a creditor, sold at a foreclosure sale, transferred through a deed in lieu of foreclosure or
X returned to the seller, within one year immediately preceding the commencement of this case. (Married debtors filing under chapter 12 or
chapter 13 must include information concerning property of either or both spouses whether or not a joint petition is filed, unless the spouses
are separated and a joint petition is not filed.)
DATE OF REPOSSESSION,
NAME AND ADDRESS OF FORECLOSURE SALE, DESCRIPTION AND VALUE OF
CREDITOR OR SELLER TRANSFER OF RETURN PROPERTY
6. Assignments and receiverships
None
a. Describe any assignment of property for the benefit of creditors made within 120 days immediately preceding the commencement of this
X case. (Married debtors filing under chapter 12 or chapter 13 must include any assignment by either or both spouses whether or not a joint
petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF TERMS OF ASSIGNMENT OR
ASSIGNEE DATE OF ASSIGNMENT SETTLEMENT
None
b. List all property which has been in the hands of a custodian, receiver, or court-appointed official within one year immediately preceding
X the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning property of
either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF NAME AND LOCATION OF DATE OF DESCRIPTION AND VALUE OF
CUSTODIAN COURT CASE TITLE & NUMBER ORDER PROPERTY
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STATEMENT OF FINANCIAL AFFAIRS
In re Allied Systems, Ltd. (L.P.) Case No. 12-11565
7. Gifts
None
List all gifts or charitable contributions made within one year immediately preceding the commencement of this case except ordinary and
X usual gifts to family members aggregating less than $200 in value per individual family member and charitable contributions aggregating
less than $100 per recipient. (Married debtors filing under chapter 12 or chapter 13 must include gifts or contributions by either or both
spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF PERSON OR RELATIONSHIP TO DESCRIPTION AND VALUE OF
ORGANIZATION DEBTOR, IF ANY DATE OF GIFT GIFT
8. Losses
None
List all losses from fire, theft, other casualty or gambling within one year immediately preceding the commencement of this case or since
the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include losses by either or both spouses
whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
DESCRIPTION OF CIRCUMSTANCE AND, IF LOSS
WAS COVERED IN WHOLE OR IN PART BY
DESCRIPTION AND VALUE OF PROPERTY INSURANCE, GIVE PARTICULARS DATE OF LOSS
$160,000.00 Rig fire resulting in total loss of tractor & trailer. 05/15/2012
Investigation into causes and recoverability of any
portion of the loss is on-going.
$164,793.00 Tractor-trailer roll-over resulting in total loss of 05/10/2012
equipment. Awaiting determination from property
insurer as to amount that will be recovered.
$155,000.00 Rig fire resulting in total loss of tractor & trailer. 04/26/2012
Investigation into causes and recoverability of any
portion of the loss is on-going.
$ 22,000.00 Rig fire resulting in total loss of tractor & trailer. 02/20/2012
Investigation into causes and recoverability of any
portion of the loss is on-going.
$ 3,750.00 Rig fire resulting in total loss of tractor & trailer 06/28/2011
$ 30,000.00 Miscellaneous damage to power units. 06/10/2011 - 06/10/2012
9. Payments related to debt counseling or bankruptcy
None
List all payments made or property transferred by or on behalf of the debtor to any persons, including attorneys, for consultation concerning
X debt consolidation, relief under the bankruptcy law or preparation of a petition in bankruptcy within one year immediately preceding the
commencement of this case.
DATE OF PAYMENT,
NAME OF PAYER AMOUNT OF MONEY OR DESCRIPTION
NAME AND ADDRESS OF PAYEE IF OTHER THAN DEBTOR AND VALUE OF PROPERTY
10. Other transfers
None
a. List all other property, other than property transferred in the ordinary course of the business or financial affairs of the debtor, transferred
X either absolutely or as security within two years immediately preceding the commencement of this case. (Married debtors filing under
chapter 12 or chapter 13 must include transfers by either or both spouses whether or not a joint petition is filed, unless the spouses are
separated and a joint petition is not filed.)
NAME AND ADDRESS OF TRANSFERREE, DESCRIBE PROPERTY TRANSFERRED
RELATIONSHIP TO DEBTOR DATE AND VALUE RECEIVED
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STATEMENT OF FINANCIAL AFFAIRS
In re Allied Systems, Ltd. (L.P.) Case No. 12-11565
None
b. List all property transferred by the debtor within ten years immediately preceding the commencement of this case to a self-settled trust or
X similar device of which the debtor is a beneficiary.
NAME OF TRUST OR OTHER DATE(S) OF AMOUNT OF MONEY OR DESCRIPTION AND VALUE OF
DEVICE TRANSFER(S) PROPERTY OR DEBTOR'S INTEREST IN PROPERTY
11. Closed financial records
None
List all financial accounts and instruments held in the name of the debtor or for the benefit of the debtor which were closed, sold, or
X otherwise transferred within one year immediately preceding the commencement of this case. Include checking, savings, or other financial
accounts, certificates of deposit, or other instruments; shares and share accounts held in banks, credit unions, pension funds, cooperatives,
associations, brokerage houses and other financial institutions. (Married debtors filing under chapter 12 or chapter 13 must include
information concerning accounts or instruments held by or for either or both spouses whether or not a joint petition is filed, unless the
spouses are separated and a joint petition is not filed.)
TYPE OF ACCOUNT, LAST FOUR
NAME AND ADDRESS OF DIGITS OF ACCOUNT NUMBER, AND AMOUNT AND DATE OF SALE OR
INSTITUTION AMOUNT OF FINAL BALANCE CLOSING
12. Safe deposit boxes
None
List each safe deposit or other box or depository in which the debtor has or had securities, cash, or other valuables within one year
X immediately preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include boxes or
depositories of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.)
DATE OF
NAME AND ADDRESSES OF TRANSFER OR
NAME AND ADDRESS OF BANK THOSE WITH ACCESS TO THE SURRENDER,
OR OTHER DEPOSITORY BOX OR DEPOSITORY DESCRIPTION OF CONTENTS IF ANY
13. Setoffs
None
List all setoffs made by any creditor, including a bank, against a debt or deposit of the debtor within 90 days preceding the commencement
X of this case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning either or both spouses whether or
not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
DATE OF
NAME AND ADDRESS OF CREDITOR SETOFF AMOUNT OF SETOFF
14. Property held for another person
None
List all property owned by another person that the debtor holds or controls.
NAME AND ADDRESS OF OWNER DESCRIPTION AND VALUE OF PROPERTY LOCATION OF PROPERTY
Vehicles hauled/stored in the ordinary course of business.
Page 5 of 10